Maybe its because there are no buyers so day traders are just playing the stock. If there are no buyers of course the price is going to go down. No one is buying at the moment long term except a few like ourselves who know the potential of MNM. The current trading environment could last for years and MNM stock is getting to the stage where you just throw in the bottom draw and forget and wait. I fully believe MNM will one day be a 200 or 300 Million market cap stock, I dont have to sell, so I am getting to the stage where I will just watch and hold and not stress about current share price. MNM is still a baby company but in four or five years has come a long way. Another 5 years and it should be triple the size. The gold and silver may surprise but not getting my hopes up. The last lot of drilling results is what I am waiting for. If you were MNM would you drill the most prospective area first or last. How would it look if MNM had of done it the other way around. I reckon they are deliberately doing it in this order so the bad announcements come first and the best is last. Might be wrong but I dont think so. I also think that once the S7 BC allocation is sorted Exergen and MNM will start on BM earlier than announced in the scoping study. Why would they hold off on BM when it has the infrastructure to get the Coal to Port, thats why I think the S7 allocation has held their plans up for the interim.
MNM Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held